Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) Trading 0.1% Higher – What’s Next?

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) shares shot up 0.1% on Tuesday . The company traded as high as $23.70 and last traded at $23.5950. 2,468 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 14,925 shares. The stock had previously closed at $23.57.

Tennessee Valley Authority PARRS A 2029 Trading Up 0.1%

The company’s 50 day moving average price is $23.59 and its 200-day moving average price is $24.06.

Tennessee Valley Authority PARRS A 2029 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Friday, July 31st will be given a dividend of $0.1385 per share. This represents a $0.55 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, July 31st.

About Tennessee Valley Authority PARRS A 2029

Tennessee Valley Authority (TVA) PARRS A 2029 (NYSE:TVE) refers to a series of Power System Revenue Bonds issued by the Tennessee Valley Authority, a federally owned corporation established in 1933. As one of the largest public utilities in the United States, TVA operates under a self-financing model that relies on revenues generated from electricity sales rather than tax dollars. The PARRS A 2029 bonds form part of TVA’s long-term debt portfolio, with proceeds earmarked for capital improvements, system modernization and the expansion of generation and transmission capacity.

TVA’s core business encompasses the generation, transmission and sale of electricity across a seven-state service territory that includes most of Tennessee and parts of Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.